The announcement of the collapse of Beige Bank, Royal, Unibank, Construction and Sovereign Banks by the Bank of Ghana (BoG) leading to the emergence of Consolidated Bank will definitely bring about job loses contrary to explanations from officials of the Central Bank.
“All the five Managing Directors including their wives and Board Members are going to live without jobs”, General Secretary of the ruling New Patriotic Party (NDC), Mr. John Boadu observed.
According to him, though it was a painful decision for the government to take but necessary since customers of these banks monies needed to be protected from the few who are going to lose their jobs.
“It was a painful decision though the government had to be taken to ensure monies belonging to customers of the banks are safe”, the NPP General Secretary revealed during panel discussion on Peace FM.
Mr. John Boadu, therefore, advised political actors not to read political meanings into the governments since it was done to benefit the larger people.